2012 has been declared by the United Nations (UN) as the International Year of Cooperatives. However, it all starts today on the 31st October, when the year is officially launched at the UN Headquarters in New York.

At the launch the UN Food and Agriculture Organization (FAO), the International Fund for Agricultural Development (IFAD) and the World Food Programme (WFP) will host a side event that focuses on agricultural cooperatives and their importance for food security. The event will be webcast and you can tune in at 1.15 pm (GMT -4).

Cooperatives are business enterprises owned and controlled by the members they serve. The difference between cooperatives and other types of businesses lies in the importance of keeping the balance between pursuing profit and meeting the interests of the community and their members. According to ILO cooperatives provide 100 million jobs worldwide. Agricultural cooperatives are important in supporting small agricultural producers and marginalized groups because they create sustainable rural employment, and they facilitate access to markets, food and productive assets. They also help them influence policy and decision making.

For the International Year of Cooperatives and beyond, the three Rome-based United Nations agencies (FAO, IFAD and WFP) willcontinue to raise awareness and support rural institutions, farmer and producer associations, and cooperatives.

About IFAD

The International Fund for Agricultural Development (IFAD) invests in rural people, empowering them to reduce poverty, increase food security, improve nutrition and strengthen resilience. Since 1978, we have provided grants and low-interest loans to programmes and projects that have reached several hundred million people. IFAD is an international financial institution and a specialized United Nations agency based in Rome – the UN’s food and agriculture hub.

Disclaimer

The opinions expressed in this blog are those of the authors and do not necessarily represent those of the International Fund for Agricultural Development (IFAD). The designations employed and the presentation of material in this blog do not imply the expression of any opinion whatsoever on the part of IFAD concerning the legal status of any country, territory, city or area or of its authorities, or concerning the delimitation of its frontiers or boundaries. The designations “developed” and “developing” countries are intended for statistical convenience and do not necessarily express a judgement about the stage reached by a particular country or area in the development process.